THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 ›...
Transcript of THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 ›...
![Page 1: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/1.jpg)
1929-1941 THE GREAT DEPRESSION
![Page 2: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/2.jpg)
¡ Easy credit in the 1920s – Americans purchasing on the installment plan
¡ Unequal distribution of income ¡ Crisis in the farming sector
(post-WWI) ¡ Shady banking practices ¡ Major industries weakening ¡ Tarif fs making international
trade complicated ¡ As 1920s went on, consumers
were spending less to pay off debts
¡ Investors gambling on the stock market (speculation, buying on the margin)
CAUSES OF THE GREAT DEPRESSION
![Page 3: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/3.jpg)
¡ Stock prices peaked in September 1929
¡ Black Tuesday – October 29, 1929 – the stock market hit bottom
¡ Investors lost everything ¡ Those who bought on the
margin accumulated huge debts
¡ People were jumping out of windows of tall buildings
¡ Only impacted about 2% of the population, so America went on
STOCK MARKET CRASH OF 1929
![Page 4: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/4.jpg)
¡ 1929-1941 ¡ Economy was in severe
decline ¡ Many Americans were out of
work ¡ Brought on after major runs
on the banks from 1929-1933 ¡ Worsened by increased tarif fs
and natural disasters
THE GREAT DEPRESSION
![Page 5: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/5.jpg)
THE GREAT DEPRESSION
![Page 6: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/6.jpg)
Migrant Mother – Dorothea Lange 1936
FACE OF THE DEPRESSION
![Page 7: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/7.jpg)
The Grapes of Wrath John Steinbeck
1939
THE DEPRESSION IN POPULAR CULTURE
![Page 8: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/8.jpg)
Herbert Hoover ¡ Laissez faire approach ¡ Instilled consumer
confidence ¡ Asked businesses not to
lay people off ¡ Implemented protective
tariffs ¡ Eventually initiated a
federal jobs program and supported loans to banks and governments
Franklin D. Roosevelt ¡ Government intervention ¡ Shut down the banks
and restructured ¡ Implemented
government regulation over stock market
¡ Implemented federal jobs programs
¡ Initiated direct relief
HOOVER V. FDR
![Page 9: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/9.jpg)
PUBLIC SERVICE PROJECTS
![Page 10: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/10.jpg)
¡ Depression worsens
¡ Dust Bowl ¡ Gassing of the
Bonus Army
END OF HOOVER
![Page 11: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/11.jpg)
¡ Closed nation’s banks ¡ Emergency Banking Relief Act
of 1933 ¡ Glass-Steagall Banking Act of
1933 – created FDIC ¡ Federal Securities Act –
created SEC ¡ Securities and Exchange
Commission would regulate stock exchange
¡ Reassured the American public through his “fireside chats”
¡ “We have nothing to fear but fear itself”
FDR LEADS IN A NEW DIRECTION
![Page 12: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/12.jpg)
¡ Nicknamed the “alphabet soup” programs
¡ Began with banking reforms
¡ Moved on to government works programs and direct relief
¡ Some New Deal programs were ruled unconstitutional by the Supreme Court
THE FIRST NEW DEAL
![Page 13: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/13.jpg)
¡ Supreme Court ruled the National Industrial Recovery Act (NIRA) unconstitutional in 1935
¡ Supreme Court ruled the Agricultural Adjustment Act (AAA) unconstitutional in 1936
¡ FDR proposes court reform bill in 1937
¡ Fierce resistance came about and the plan never went anywhere
FDR’S COURT PACKING PLAN
![Page 14: THE GREAT DEPRESSION 1929-1941 - Ohio County Schools › userfiles › 1164 › Classes › 8593 › GREAT... · 2018-06-20 · THE GREAT DEPRESSION 1929-1941 ! Easy credit in the](https://reader034.fdocuments.net/reader034/viewer/2022042411/5f2932fc0b96cc735b699125/html5/thumbnails/14.jpg)
¡ Implemented from 1935-1938
¡ Continued previous New Deal policies
¡ Implemented programs that benefited the elderly and youth
¡ Social Security Administration
THE SECOND NEW DEAL